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    760 Altamonte Dr Altamonte Springs, FL 32701

    For Sale
    $4,200,000

    Prime Retail Investment. 15-Year Lease.

    Property size:
    2,562 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,562 square foot Starbucks located at 760 E Altamonte Dr, Altamonte Springs, FL 32701. The property boasts a 15.1-year net lease, commencing December 16, 2024, and expiring January 1, 2040. The lease includes four 5-year options with a 10% rent increase every five years. The current Net Operating Income (NOI) is $199,500, resulting in a 4.75% cap rate on the $4,200,000 asking price. This Class A, single-tenant property is part of the Shoppes at Altamonte, a newly developed retail center in a high-traffic area with over 75,000 vehicles passing daily. The location benefits from excellent visibility on SR 436 (Altamonte Drive), proximity to Interstate 4 and US 17-92, and a strong demographic profile, including over 91,000 residents and 82,000 daytime employees within a 3-mile radius, with above-average household incomes exceeding $108,000. The property is situated across from AdventHealth Altamonte Springs hospital and near Altamonte Mall, ensuring high foot traffic and visibility. This is a rare opportunity to acquire a long-term, stable investment with built-in rent growth in a highly desirable Orlando MSA location. The building was constructed in 2024 and features a double drive-thru and patio.

    Property Features for 760 Altamonte Dr

    General Information

    Property type
    Restaurants
    Square Feet
    2,562 SF
    Class
    A

    Building Details

    Year Built
    2024
    Buildings
    1

    HighLights

    • Excellent location in a super‑regional trade area, near I‑4 and US 17‑92.
    • New 15‑year lease with 10% rent increases every 5 years; tenant has a BBB+ S&P rating.
    • State‑of‑the‑art store featuring a double drive‑thru and patio.
    • Located within the Shoppes at Altamonte, a successful retail center with strong national tenants.
    • High visibility site on SR 436 and Maitland Ave, with over 75,000 vehicles passing daily.
    • Multiple access points from SR 436 and direct access for Maitland and Winter Park residents via a cross access easement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.364080394192
    Latitude
    28.663044699676

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Investment. 15-Year Lease.
    Where is this restaurant located?
    The property is located at 760 Altamonte Dr Altamonte Springs, FL.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: Excellent location in a super-regional trade area, near I-4 and US 17-92.; New 15-year lease with 10% rent increases every 5 years; tenant has a BBB+ S&P rating.; State-of-the-art store featuring a double drive-thru and patio.
    Request Owner's contact information
    760 Altamonte Dr Altamonte Springs, FL 32701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    760 Altamonte Dr Altamonte Springs, FL 32701
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